A redevelopment project by Exempla Saint Joseph Hospital in Denver may create 1,400 construction-related jobs annually and $340 million in labor compensation from now until the project's planned completion in 2014, according to a hospital news release.
An economic impact study estimated the Saint Joseph Heritage Project would also generate $13.6 million annually to Denver and $8 million annually to Colorado in use taxes. Saint Joseph currently contributes approximately $2.8 million in annual sales tax revenue to Denver and $1.7 million to the state of Colorado. The hospital also currently provides $177 million in annual labor compensation.
Saint Joseph plans to invest a total of $700 million in the redevelopment project, which will include a new 348-bed hospital.
Read the hospital release on Exempla Saint Joseph Hospital's economic impact.
Read the economic study on Exempla Saint Joseph Hospital (pdf).
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An economic impact study estimated the Saint Joseph Heritage Project would also generate $13.6 million annually to Denver and $8 million annually to Colorado in use taxes. Saint Joseph currently contributes approximately $2.8 million in annual sales tax revenue to Denver and $1.7 million to the state of Colorado. The hospital also currently provides $177 million in annual labor compensation.
Saint Joseph plans to invest a total of $700 million in the redevelopment project, which will include a new 348-bed hospital.
Read the hospital release on Exempla Saint Joseph Hospital's economic impact.
Read the economic study on Exempla Saint Joseph Hospital (pdf).
Related Articles on Hospital Finance and Business News:
HCA's Plan to Create Trauma Network in Florida Meets Resistance
Jewish Hospital & St. Mary's HealthCare Files CON to Partner With Orthopedic Surgery Center
Illinois Legislation Slashes Workers' Comp Rates by 30%